In carriers’ seventh heaven
In line with many other shipping lines, Hapag-Lloyd has raised its forecast for financial 2020 on the basis of a better-than-expected business performance in the ongoing Q4/2020. The group expects an ebitda of EUR 2.6–2.7 billion (up from EUR 2.4–2.6 billion) and an ebit of EUR 1.25–1.35 billion (up from EUR 1.1–1.3 billion).
HL’s new ebit range includes impairments of approximately EUR 100 million, arising particularly in connection with the planned optimisation of its vessel portfolio. The measures were not factored into the previous earnings forecast.
Hapag-Lloyd CEO Rolf Habben Jansen said that “market demand for container capacities remained surprisingly strong in the fourth quarter; today we’re deploying every available ship.” (cd)
www.hapag-lloyd.com/en/ir/publications/financial-report.html